Fact or Fiction: Spending Limit on a Closing Gift?

“A closing gift you give to a client must not exceed $50 in value.”

Fiction. There is no Texas Real Estate Commission rule restricting the value of closing gifts where there is no expectation of a referral and no actual referral has been made. The $50 limit applies to gifts for referrals from unlicensed individuals.

Source: Texas REALTORS®